Rajesh Exports Q2 net up 5 pc at Rs 112.45 cr.

KOLKATA: Rajesh ExportsBSE 1.32 % has reported a 5.04 per cent increase in its net profit for the quarter ended September 30, 2012. The net profit rose to Rs 112.4 crore from Rs 107 crore in the corresponding period of the previous year.

The net revenue for the quarter jumped to Rs 6754.47 crore from Rs 5767 crore in the same quarter in FY12.

Rajesh Mehta, chairman, Rajesh Exports said: "The company has achieved an impressive growth in its export and retail business, and SHUBH Jewellers has emerged as a household brand in the state of Karnataka.


I am glad that the company is now the largest retailer of gold jewellery in the state of Karnataka, I am confident that my team will ensure that in the near future SHUBH Jewellers emerges as the largest retailer of jewellery in the country, due to the policy of offering best purity, product and price to the consumer at SHUBH Jewellers."

With a total of 80 retail stores, SHUBH Jewellers has emerged as the most trusted jewellery brand in the state of Karnataka and also as the largest retail jeweller in the state of Karnataka. Along with it's export business, the retail business has emerged as a key driver of profitability in the company.

Mehta said that the company will be aggressively expanding its retail presence across the country. The company has plans to open 40 more SHUBH Jewellers Showrooms in the state of Karnataka, within the next two quarters, which would complete its retail expansion plans in the state of Karnataka.

The company would be further expanding its retail presence in the other three southern states, and further to a pan Indian presence. The company has plans to open 500 SHUBH Jewellery showrooms by the year 2014. Currently the company has 80 SHUBH Jewellers, retail showrooms.


Source : economictimes.indiatimes.com